Has gold become cheaper? Know today’s latest update! Today’s latest price of gold

Has Gold Really Become Cheaper?

Although there has been a slight decline in the price of gold in the last few days, it would be wrong to say that gold has become cheaper. In fact, if we look at the long term, the price of gold has increased steadily.

• The price of gold has increased by about 20% in the last one year.
• Gold prices are expected to increase by an average of 5-7% in 2025 compared to 2024.
• However, price fluctuations may be observed on a daily or weekly basis.

Reasons for Change in Gold Prices

Changes in gold prices depend on many factors. Let’s understand these major reasons:

1. Global economic conditions: When the global economy is unstable, investors turn to gold as a safe investment, causing its price to increase.
2. Strength of dollar: Gold prices may fall if the US dollar strengthens, as gold is traded internationally in dollars.
3. Geopolitical tensions: Demand for gold increases in times of war or international crisis, which pushes prices up.
4. Interest rates: Changes in interest rates by central banks affect gold prices. Low interest rates make gold attractive.
5. Seasonal demand: Demand for gold increases during festivals and wedding seasons, which affects the prices.

Current Gold Rates in Major Cities

There may be a slight difference in the price of gold in different cities. This difference is due to local taxes and demand-supply. Below are the current prices of 22 carat gold in some major cities:

• Delhi: ₹72,290 per 10 grams
• Mumbai: ₹72,140 per 10 grams
• Kolkata: ₹72,140 per 10 grams
• Chennai: ₹72,140 per 10 grams
• Bengaluru: ₹72,190 per 10 grams
• Hyderabad: ₹72,140 per 10 grams
• Ahmedabad: ₹72,190 per 10 grams

Benefits of Investing in Gold

There are several benefits of investing in gold, which make it an attractive option:

1. Inflation Protection: Gold is a natural hedge against inflation.
2. Portfolio diversification: It diversifies the investment portfolio and reduces risk.
3. Liquidity: Gold can be easily converted into cash.
4. Long-term price increase: The price of gold has had an upward trend over the long term.
5. Cultural Significance: Gold has special cultural and traditional significance in India.

Should You Buy Gold Now?

This is a complex question and the answer depends on individual financial goals and understanding of the market. However, there are a few points to consider:

• For long term investment: If you are planning for long term investment, then the present time may be suitable to buy gold.
• Portfolio Diversification: Investing in gold can be a good option to balance your investment portfolio.
• Market monitoring: Keep an eye on the daily price fluctuations and buy when prices go down a bit.
• Buy in small amounts: Instead of investing a large amount at once, buy small amounts at regular intervals.

• Options for Buying Gold

  There are many ways to invest in gold. Some of the major options are:

  1. Physical gold: in the form of jewellery, coins or bars.
  2. Gold ETFs: Funds traded on the stock exchange.
  3. Sovereign Gold Bond: Bonds issued by the government.
  4. Digital Gold: Gold that can be purchased on online platforms.
  5. Gold Mutual Funds: Mutual funds that invest in gold.

  Gold Price Prediction for 2025

  Experts believe that gold prices may rise further in 2025. Some of the major estimates are as follows:

  • The price of gold may go up to Rs 85,000 to Rs 90,000 per 10 grams.
  • Gold demand may increase due to global economic uncertainty and geopolitical tensions.
  • The fall in the Indian rupee may further increase the prices of gold in the domestic market.

  However, these are estimates and the actual prices will depend on various factors.

  Precautions While Buying Gold

  Here are some important things to keep in mind while buying gold:

  1. Check for hallmark: Buy only hallmarked gold.
  2. Trusted Sellers: Buy only from reputed jewellers or banks.
  3. Take the bill: Always take the bill of purchase and keep it safe.
  4. Purity check: Get the purity of gold checked.
  5. Compare Prices: Compare prices from different sellers.
  6. Additional charges: Ask about making charges and other charges.

  Conclusion

  Fluctuation in gold prices is a normal process. Although currently there has been a slight decline in the price of gold, its prices have had a rising trend in the long term. It is important to keep in mind your financial goals, market conditions and expert advice while investing in gold.

  Remember, gold is only an investment option and should form a part of your overall investment portfolio. Prudent investments and regular market analysis can help you make better decisions.

  Disclaimer